Active Listing  ·  8 days on market

313 Olmos Dr

Leander, TX 78641
$360,000
4 Bed 3 Bath 2,548 sqft $141/sqft Built 2005 0.16 acres 2-Car Garage Pool Vista Ridge

Opportunity awaits in the established Vista Ridge community! This spacious 2,548-square-foot home offers a highly sought-after 1.5-story floor plan featuring all bedrooms on the main level plus an oversized upstairs game room with a convenient half bath—perfect for movie nights, a home office, playroom, or guest retreat. Inside, you'll find an updated kitchen ready for everyday living, while outside you'll appreciate the beauty and shade of mature trees and the peace of mind that comes with a brand-new roof installed this year. HVAC and condenser were replaced June 2023. Being offered AS IS, this home presents an outstanding opportunity to build instant equity through cosmetic updates. Fresh paint, new flooring, landscaping, and a fence will transform an already solid home into something truly special. The major features are already here—an excellent floor plan, updated kitchen, brand new roof, generous living space, and an established neighborhood that's difficult to replicate in newer construction. Vista Ridge residents enjoy neighborhood amenities including a community pool, playground, walking trails, and community events, all while being conveniently located near shopping, dining, parks, and major commuter routes. If you've been searching for a home with great bones, room to grow, and the chance to make it your own, this is one you won't want to miss. Information provided is deemed reliable but not guaranteed. Buyer to independently verify all information, including schools, taxes, square footage, restrictions, and property details.

At $141/sqft, this home is 41% below the Leander active market average of $241/sqft, potentially representing value relative to comparable properties currently on the market. View Austin market report →

Location

313 Olmos Dr, Leander, TX 78641

Property Details

Price $360,000
Status Active Listing
Beds 4
Full Baths 2
Half Baths 1
Living Area 2,548 sqft
Lot Size 0.16 acres (7,174.33 sqft)
Year Built 2005
Garage 2 spaces
Stories ,
Type Residential · Single Family Residence
Subdivision Vista Ridge
County Williamson
Zip Code 78641
$/sqft $141/sqft
Days on Market ,
HOA $420/Annually
Annual Tax Est. $8,302.95
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT240599829
List Date July 27, 2026
Elementary School Camacho
Middle School Leander Middle
High School Glenn
School District ,

Luke Allen (TREC #788149) has deep knowledge of Leander and surrounding markets. Whether you're buying, selling, or just researching comparable sales, reach out for a no-pressure conversation.

Schedule a Call →

Similar Homes on the Market in Leander

Comparable Listings Right Now

Homes currently for sale in Leander with similar bedroom count, size, and price range, giving you real-time context for how this property's asking price compares to the active market.

AddressList Price$/sqftBeds/BathsSqftDOMListed
117 Deserti Rd
WILDLEAF
$360,000 $184 3 bd / 3 ba 1,952 sqft , 2026-04-15
141 Parryi Cv
Wildleaf
$360,000 $191 4 bd / 2 ba 1,885 sqft , 2025-08-11
703 Sparkling Brook Ln
North Creek Sec 03B
$359,990 $193 3 bd / 3 ba 1,864 sqft , 2026-06-18
328 Blue Oasis Ln #328
Retreat at Hero Way
$359,950 $172 4 bd / 4 ba 2,089 sqft , 2025-09-28
860 Water Hyacinth Loop
Crystal Crossing
$359,900 $154 3 bd / 2 ba 2,344 sqft , 2026-02-27

Source: ACTRIS MLS, live listings. Similar by ±1 bed, ±35% price, ±35% sqft. Contact Luke for a formal comparative market analysis.

Investment Analysis

Rental Income Potential

The numbers below use conservative Austin-market assumptions. They are estimates, not a guarantee. Actual rents vary by condition, timing, and management. Read our full Austin rental property guide →

Est. Monthly Rent
$1,728/mo
0.48% rule · conservative Austin est.
Gross Yield
5.76%
Annual rent ÷ purchase price
Cap Rate (est.)
3.46%
NOI after 40% vacancy + expenses
Down Payment
$72,000
20% conventional investment loan

Monthly Cash Flow Breakdown (20% down · 7.25% rate)

Estimated Gross Rent+$1,728
Principal + Interest−$1,965
Property Tax (~2.1% TX avg)−$630
Insurance (~0.5%)−$150
Est. Monthly Cash Flow $-1,017

At current rates and prices, many Austin luxury properties run neutral or slightly negative on pure cash flow, appreciation and equity paydown are the primary return drivers. BRRRR and off-market acquisitions can improve day-one cash flow. Learn about the BRRRR method in Austin →

Commute & Employment

Major Employers Near Leander, TX

Leander sits within commuting range of Austin's major tech, manufacturing, and corporate campuses. Approximate drive times from this area:

Apple Campus (Domain) 25 min SE
Dell Technologies HQ 20 min SE
Samsung Austin Semiconductor 30 min SE

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